OPEN-SOURCE SCRIPT
Updated Double Exponential MACD
A modification of the classic MACD to use Double EMAs which tends to have less lag than the standard indicator.
Alert conditions are pre-configured for simple line crosses and you can enable/disable the histogram from the indicator options menu.
Enjoy!
Alert conditions are pre-configured for simple line crosses and you can enable/disable the histogram from the indicator options menu.
Enjoy!
Release Notes
Made changes to improve usability of the script such as removing the histogram feature and fixing the alert condition setup
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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